Showing posts with label blackpepper. Show all posts
Showing posts with label blackpepper. Show all posts

Monday, June 08, 2020

VIETNAM - PEPPER MARKET UPDATE 08 JUNE - WEEK 24



The market has fluctuated throughout the week. However, at the end of the week 23, the market is still in an upward trend of nearly 2% from 54,000 VND on 1st June and remained stable at 55,000 VND today. The domestic collectors continued to offer in small quantities and was hesitant in a tension between many exporters and domestic collectors/middleman.
After the price has changed dramatically in the last 2 weeks, the current price trend has become stronger and set a new price on the market. Oversea customers bought orders and looking for new inquiries in the third and fourth quarters 2020. However, the exporters was very cautious and only offer spot/prompt shipment instead of forwards shipment as before. Vietnam currency is still stronger trend than USD making Vietnam pepper price also higher.

Other information for your reference;

- In 2006; pepper price remained stable from January to May at 860 USD/MT. However, within 3 months, pepper price increased by 115% to 1,850 USD/MT (convert at current exchange rate).

- In 2011; the price of pepper at the beginning of the season was 4,340 USD but by the end of December it reached 7,122 USD. Increased 64%.

- In 2013 & 2014; the pepper prices at the beginning of the season reached 6,281 USD but increased 48% to 9,315$ in December.

2020;  Pepper prices still were at a loss for many farmers in this crop, a lot of farm households cut their pepper trees and converted other agriculture product. Currently, prices with increasing tendency have also stimulated farmers to take more care in their pepper plantation. However, the drought situation and many farmers who have changed to another product/cut their plantation not only in Vietnam but also other countries such as Indonesia/Brazil/Cambodia…We have a forecast that total crop production in 2021 will be significantly affected.

We will have a tour to survey the situation of pepper crop 2020 again from June 9 to June 17, 2020 and we will try to collect information to update you with the details in July.










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CHECK ALSO OUR BLOG OF OFFERS - https://offers-peppertrade.blogspot.com/TODAY´S JUNE 08 OFFER:


Monday, April 27, 2020

IPC Pepper Market Report No. 17/20, 20 - 24 April 2020




LOCAL MARKETS
Market this week showed a mixed response with Sri Lanka origin was reported with the highest decrease. In local market, Malabar black pepper was reported stable averaging at USD 4,155 per Mt. Indonesia black and white pepper were reported with an increase of 1% and 2% respectively as opposed to the previous week, averaging at USD 1,604 per Mt for black pepper and USD 2,791 per Mt for white pepper. Malaysia's black and white peppers were reported with 1% deficit respectively when compared to the previous week with an average of USD 1,690 per Mt for black pepper and USD 3,032 per Mt for white pepper. Furthermore, Viet Nam black and white pepper were reported with an increase of 2% respectively when compared to the previous week and was traded at an average of USD 1,628 per Mt for black pepper and USD 2,431 per Mt for white pepper. Sri Lanka black pepper was reported with 5% deficit as compared to the previous week and was traded at an average of USD 2,592 per Mt. China white pepper was reported stable and was traded at an average of USD 4,275 per Mt locally.

INTERNATIONAL MARKET
International market showed a rather positive outlook as Indonesia and Viet Nam origin were reported with an increase. India black pepper was reported stable at an average of USD 4,416 per Mt. Indonesia black and white pepper were reported with an increase of 1% and 2% respectively as compared to the previous week averaging at USD 1,983 per Mt for black pepper and USD 3,320per Mt for white pepper. Malaysia black and white pepper continued to be traded stable and unchanged. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported with an increase of 2%, 2% and 1% respectively as compared to the previous week averaging at USD 2,130 per Mt, USD 2,160 per Mt and USD 3,060 per Mt respectively. China white pepper was reported steady and was traded at an average of USD 4,475 per Mt internationally.











WHATSAPP +5511988027709
MAIL manager@peppertrade.com.br
TWITTER : https://twitter.com/peppertrade


CHECK ALSO OUR BLOG OF OFFERS - https://offers-peppertrade.blogspot.com/
If you have a serious offer send us with a valid date to : manager@peppertrade.com.br

Friday, April 17, 2020

IPC REPORTS - EXPORT OF PEPPER BY SPAIN



Spain, officially the Kingdom of Spain, is located in Europe with its continental European territory is situated on the Iberian Peninsula. Its territory also includes two archipelagoes: the Canary Islands off the coast of Africa, and the Balearic Islands in the Mediterranean Sea make Spain the only European country to have a physical border with an African country (Morocco). Furthermore, Spain actively imports pepper from various pepper producing countries for domestic consumption or for re-export.
In 2018, Spain was reported to have imported a total of 5,280 Mt which 90% of it comprised of whole pepper. In the following year, Spain import of pepper increased by 10%, totaling at 5,789 Mt. The ratio of Spain's import and export during 2018-January 2019 are 2:1 respectively. As of January 2020, Spain was reported to have imported a total of 553 Mt of which 226 Mt went for re-export purposes. The top five countries of origins of Spain pepper both for whole and ground for January 2020 were reported to be Viet Nam with 220 Mt, Brazil with 149 Mt, Ecuador with 49 Mt, Belgium with 31 Mt and India with 29 Mt.
In 2018, Spain was reported to have exported a total of 3,267 Mt of pepper from which 34% or 1,112 Mt of it comprised of whole pepper and 66% or 2,155 Mt of it ground pepper. Spain on average exported a total of 272 Mt per month in 2018 which peaked in May with 432 Mt. The total revenue of Spain's export of pepper in 2018 was reported to be as high as USD 14.6 Million. Thus, recording an average price of the total pepper exported by Spain at USD 4,419 per Mt for whole pepper and USD 4,516 per Mt for ground pepper.
Year 2019 saw a decrease in term of quantity of pepper exported by Spain. Spain was reported to have exported a total of 2,991 Mt of which 29% or 877 Mt of it comprised of whole pepper and 71% or 2,115 Mt of it ground pepper, recording a decrease of 8% when compared with 2018. The average export of pepper by Spain in 2019 was reported to be at 249 Mt per month which peaked in March with 379 Mt. In accordance with decreasing in terms of quantity, Spain's revenue from pepper export was also reported with a decreased by 23% as compared to the previous year to a total of USD 11.2 Million. Thus, recording an average price of the total pepper exported by Spain at USD 4,095 per Mt for whole pepper and USD 3,637 per Mt for ground pepper or a decrease by 7% and 19% respectively as compared to 2018.
As of January 2020, Spain was reported to have exported a total of 226 Mt which 24% or 55 Mt of it comprised of whole pepper and 76% or 171 Mt of it ground pepper. Thus, recording a decrease of 13% when compared to the same period in 2019. As of January 2020, the total revenue of pepper export by Spain was reported to have reached USD 764,000, recording a decrease by 20% as compared to the same period in 2019. The average price of the total pepper exported by Spain as of January 2020 was reported at USD 4,690 per Mt for whole pepper and USD 2,959 per Mt for ground pepper.
Pepper from Spain is widely traded in Europe, Africa and America. As of January 2020, Spain's top 5 Country of destinations for its pepper were reported to be Italy with 54 Mt (an increase of 122% as compared to the same period in 2019), France with 43 Mt (an increase of 71%), Portugal with 38 Mt (an increase of 259%), Egypt with 25 Mt (2019 N.A.) and United Kingdom with 10 Mt (an increase of 283%). 










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MAIL manager@peppertrade.com.br
TWITTER : https://twitter.com/peppertrade


CHECK ALSO OUR BLOG OF OFFERS - https://offers-peppertrade.blogspot.com/
If you have a serious offer send us with a valid date to : manager@peppertrade.com.br

Friday, February 21, 2020

#PEPPER - SPICES MARKET UPDATE 21ST FEB 2020 – WEEK 8




Vietnam; Pepper market after being stable for 2 weeks, has shown more signs of bullish trend when prices have increased by about 40 - 50$/MT in the past 2 days.

Currently, the pepper harvesting spread all area in Vietnam, but it is expected to peak season arriving in next 2-3 weeks. However, Due to the low price of pepper, many farmers have lost money, they do not take well care and focus on harvesting as in previous years.

Many farmers harvesting by themselves instead of hire worker to reduce their labor costs. This will take to longer harvesting times than before and raw material of new crop to the market is very slow.

Most of the farmers only sell raw material as little as possible and this year's storage trend is much bigger than before. Although it is in pepper season that not easy to buy large quantities like before.

Exporters still have to covering raw material for February/FH March shipment so the price trend maybe stable in the next 1-2 weeks is foreseen.

The low price has also stimulated several agents, collectors as well as traders to buy more and stockpiling.

China; The borderline continues to close, but both governments Vietnam and China have regulations to make goods exchange and trading more favorable than before. We hope the Corona Virus will be shut down soon and the border trade will going smoothly in the next weeks.

India; We heard market firmer, Malabar black pepper an increase of 1% as compared to the previous week.

Indonesia;  Black and white pepper was reported stable.

Malaysia/Srilanka;  Black and white pepper with a 2% and 1% easier to the previous week

Brazil; Market uptrend, farmer/exporters hesitate to offer with discounting on the price. Stock we heard less and limited to offer March/April shipment.















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Wednesday, February 19, 2020

What's Next for #Chlorpyrifos and #Chlorpyrifos-methyl in Europe



With Commission Implementation Regulation EU 2020/17 and EU 2020/18 which came into force on 16 January 2020, European countries were required to withdraw authorisations for pesticide containing chlorpyrifos and chlorpyrifos-methyl by 16 February 2020 with grace period permitted until 16 April 2020.

In addition the Standing Committee on Plants, Animals, Food and Feed section Phytopharmaceutical - Residues is scheduled to convene on a meeting during 17 - 18 February 2020 in which one of the agenda of discussion is exchange of views and possible opinion of the Committee on a draft Commission Regulation EU amending Annexes II and V to Regulation (EC) No. 396/2005 of the European Parliament and of the Council as regards maximum residue levels for chlorpyrifos and chlorpyrifos-methyl in and on certain products. Upon the adoption of the aforementioned draft Commission Regulation, the maximum residue levels of all product for active substance chlorpyrifos and chlorpyrifos-methyl will be lowered to 0.01 mg/kg and would come into force in October 2020.


With the new MRLs coming into force in October 2020, the downstream stakeholders of agricultural industry including the spice industry would take a significant blow. As for spice the cycle of farming, harvesting, exporting and trading would at least take a total of three years, farmers would not only lose a significant tool in managing destructive pests which could diminish their ability in obtaining sufficient yield, they would also be unable to export product containing residues to the EU which in worst case scenario would last for the next 2-3 years taking into account the cycle of industry. Furthermore, in regards of pepper, the new MRLs would give another blow to the ongoing downtrend of pepper price as farmer have to start finding other biological pesticide to replace chlorpyrifos at probably much higher cost in order to keep yielding the same amount.


The stream of commerce would take a massive hit, as the significantly short transitional period for such widely used pesticide would mean that all of already manufactured products as well as currently on store shelves were rendered out of compliance with the new MRL requirement and needed to be destroyed. Thus, resulting to a serious financial drawback of the pepper commerce industry.


Furthermore, with the implementation of the new MRLs in October 2020, it would mean a significant disruption of spices supply to the European Countries in particular pepper as most pepper producing countries like Indonesia, Viet Nam and Brazil which supply most of European Countries pepper need, are currently still regulated chlorpyrifos and chlorpyrifos-methyl for agricultural use. With the prospect of consignment being turned down to enter EU due to residue of chlorpyrifos, scarcity of pepper stock in the European Countries is imminent.



Source:
- Brazil, Unofficial source (Coreimex, CSG Trade)
- India: AISEF, NCDEX, Indian Chamber of Commerce & Industry, Spices Board India
- Indonesia: Unofficial source
- Malaysia: Malaysian Pepper Board
- Sri Lanka: Department of Export Agriculture
- Viet Nam : Viet Nam Pepper Association, HCMC
- China: Hainan Pepper Association, China Spice Association
- Office of Agricultural Economics of Thailand
- A.A. SAYIA & Company
- International Trade Centre (ITC) - Geneva




Note: Some of the data in this publication are from the IPC database. The data are obtained from official reports and correspondence between the IPC and Sri Lanka and have been processed based on statistical norms that can be accounted for









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Tuesday, February 18, 2020

#BLACKPEPPER - EXPORT OF PEPPER BY MADAGASCAR


EXPORT OF PEPPER BY MADAGASCAR
Madagascar, officially the Republic of Madagascar is an island country in the Indian Ocean, approximately 400 kilometers off the coast of East Africa. Madagascar is one of the producers of pepper in the world and actively export pepper to various countries.

In 2017, Madagascar was reported to have exported a total of 1,983 Mt of pepper from which 95% or 1,889 Mt of it comprised of whole pepper and 5% or 94 Mt of it ground pepper. Madagascar on average exported a total of 165 Mt per month in 2017 which peaked in December with 580 per Mt. The total revenue of Madagascar's export of pepper in 2017 was reported to be as high as USD 6.9 Million. Thus, recording an average price of the total pepper exported by Madagascar at USD 3,462 per Mt for whole pepper and USD 4,054 per Mt for ground pepper.


Year 2018 saw an increase in term of quantity of pepper exported by Madagascar. Madagascar was reported to have exported a total of 3,313 Mt of which 90% or 2,986 Mt of it comprised of whole pepper and 10% or 328 Mt of it ground pepper, recording an increase of 67% when compared with 2017. The average export of pepper by Madagascar in 2018 was reported to be at 276 Mt per month which peaked in January with 538 per Mt. In accordance with increasing in terms of quantity, Madagascar's revenue from pepper export was also reported to have increased by 33% as compared to the previous year to a total of USD 9.2 Million. Thus, recording an average price of the total pepper exported by Madagascar at USD 2,824 per Mt for whole pepper and USD 2,471 per Mt for ground pepper or a decrease by 18% and 39% respectively as compared with 2017.


At the end of 2019, Madagascar was reported to have exported a total of 3,696 Mt which 98% or 3,639 Mt of it comprised of whole pepper and 2% or 57 Mt of it ground pepper. Thus, recording an increase of 12% when compared to 2018. The average export of pepper by Madagascar in 2019 was reported to be at 308 Mt per month which peaked in October with 620 per Mt. By the end of 2019, the total revenue of pepper export by Madagascar was reported to have reached USD 7.1 Million, recording a decrease by 23% as compared to 2018. The average price of the total pepper exported by Madagascar in 2019 was reported at USD 1,919 per Mt for whole pepper and 2,079 per Mt for ground pepper or a decrease by 32% and 16% respectively as compared with 2018.


Pepper from Madagascar is widely traded in Asia, Europe and Africa. In 2019, Madagascar's top 5 Country of destinations for its pepper were reported to be United Arab Emirates with 440 Mt (a decrease of 19% as compared to 2018), France with 389 Mt (an increase of 11%), Sudan with 384 Mt (an increase of 75%), Pakistan with 316 Mt (a decrease of 30%) and Belgium with 299 Mt (a decrease of 1%). The significant decrease of export to Pakistan was the result of Pakistan starting to shift importing pepper from Brazil instead of Madagascar (an increase of 1,629 Mt of Pakistan import from Brazil). 







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#BLACKPEPPER -IPC MARKET REPORT


No. 07/20, 10 - 14 February 2020

MARKET REPORT

Market this week showed a mixed response with a rather negative outlook as only India origin was reported with an increase. In local market, Malabar black pepper was traded with an increase of 1% as compared to the previous week with an average of USD 4,382 per Mt. Indonesia black and white pepper was reported stable at an average of USD 1,753 per Mt for black pepper and USD 3,141 per Mt for white pepper. Malaysian black and white pepper were traded domestically with a 2% and 1% deficit respectively as opposed to the previous week averaging at USD 1,820 per Mt for black pepper and USD 3,239 per Mt for white pepper. Furthermore, the ongoing harvest season in Viet Nam pushed Viet Nam black pepper to be traded with a 2% deficit as compared to the previous week at an average of USD 1,597 per Mt. Whilst, Viet Nam white pepper was reported steady with an average of USD 2,410 per Mt. Sri Lanka black pepper was traded with a 1% deficit as compared to the previous week at an average of USD 2, 916 per Mt.
International market followed similar trend in local market as only India recorded an increase. India was reported trading its Malabar black pepper internationally with the same increase of 1% as compared to the previous week at an average of USD 4,662 per Mt. Indonesia black and white pepper were reported stable with an average of USD 2,174 per Mt for black pepper and USD 3,740 per Mt for white pepper. Malaysia black and white pepper continued to be traded stable and unchanged. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported with a greater loss in international market and were traded with a 7%, 6% and 5% deficit respectively when compared to the previous week at an average of USD 1,900 per Mt, USD 2,000 per Mt and USD 3,000 per Mt respectively. The decrease of FOB price in Viet Nam could be contributed to China demand in recent week was static and it has an impact due to Viet Nam was the biggest supplier for China pepper market.
The Lunar New Year holiday which was followed immediately by the devastating outbreak of the Corona Virus have china market in the past 5 weeks were reported inactive as no business took place. Reports coming in from Hainan stating that people remain in their house and refraining from going out.








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Friday, January 17, 2020

Black pepper in Brazil January 17, 2019



This Thursday and Friday a "bunch"of enquiries was arriving for Brazilian Black Pepper, from different buyers (or agents) to different exporters all trying to  get cheap price.

Actually it is unknown the exact number of enquiries because one buyer usually asks 2 or 3 or 4 suppliers. They go to the market and create an illusion of a big demand.


Anyhow bids @1875, 1850 and even 1800 abound. However this fact has a contrary effect -such activity actualy turns the market stronger, with some reliable exporters stepping out waiting how things will evolve next week.
This because beyond new orders, there are exporters that sold short at the end of the year and now try to cover their commitments.


All-in-one this situation signals an uprising trend in  Brazilian Pepper price.
With Vietnam beginning the new Year celebrations a clearer picture might be seen ofter 2 weeks time.
MW

Thursday, January 09, 2020

IPC MARKET REPORT No. 01/20, 30 Dec. 2019 - 03 Jan 2020




LOCAL MARKET
Market at the end of 2019 and the beginning of 2020 showed mixed response with only Indonesia and Malaysia origins recorded an increase. In local market, Malabar black pepper was traded with a 1% deficit as compared to the previous week with an average of USD 4,627 per Mt. In local currency, Malabar black pepper was traded at an average of RS 330 per Kg. Indonesia black pepper was reported stable at an average of USD 1,761 per Mt. Whilst, Indonesia white pepper was reported with an increase of 2% as compared to the previous week averaging at USD 3,091 per Mt. The increase of Indonesia white pepper could be contributed to the increase of the price in local currency which averaging at IDR 43,000 per Kg. Malaysian black and white pepper recorded an increase of 1% respectively at an average of USD 1,860 per Mt for black pepper and USD 3,292 per Mt for white pepper. Furthermore, Viet Nam black pepper was reported with a 1% deficit as opposed to the previous week at an average of USD 1,738 per Mt. Whilst, Viet Nam white pepper was reported steady at an average of USD 2,626 per Mt. Sri Lanka black pepper continued to be traded with a deficit and this week by 3% as compared to the previous week at an average of USD 3,607 per Mt. China white pepper was reported stable at an average of USD 4,338 per Mt.


INTERNATIONAL MKT
International market showed a rather stable outlook this week with only Indonesia origin recorded an increase. FOB price of India black pepper was reported with the same 1% deficit as compared to the previous week at an average of USD 4,907 per Mt. Indonesia black pepper was reported steady with an average of USD 2,181 per Mt. Whilst, Indonesia white pepper was reported with an increase of 2% as compared to the previous week with an average of USD 3,680 per Mt. Malaysia black and white pepper continued to be traded stable and unchanged. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported stable and unchanged. In international market China was reported steady with an average of USD 4,438 per Mt.





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Friday, December 20, 2019

IPC MARKET REPORT No. 51/19, 16 - 20 December 2019


LOCAL MARKET
Market this week showed mixed responses with India and Viet Nam origins recorded with an increase. In local market, Malabar black pepper was traded with an increase of 1% as compared to the previous week with an average of USD 4,746 per Mt. Indonesia black and white pepper was reported stable at an average of USD 1,750 per Mt for black pepper and USD 3,035 per Mt for white pepper. Malaysian black and white pepper was traded negatively with 1% and 2% decreases respectively as opposed to the previous week at an average of USD 1,840 per Mt for black pepper and USD 3,258 per Mt for white pepper. Furthermore, Viet Nam black pepper was reported with an increase of 1% as opposed to the previous week with an average of USD 1,764 per Mt. Whilst, Viet Nam white pepper was reported steady at an average of USD 2,626 per Mt. After the continuous increasing trend lately, Sri Lanka black pepper was traded with marginal decrease and was reported with 1% deficit as compared to the previous week at an average of USD 3,822 per Mt. In the past four weeks China white pepper was continuously reported with a deficit and this week it was reported with a 1% deficit as compared to the previous week with an average of USD 4,350 per Mt.

INTERNATIONAL MARKET
International market reacted rather stable this week with only India recorded an increase. FOB price of India black pepper was reported with the same increase of 1% as compared to the previous week at an average of USD 5,027 per Mt. Indonesia black and white pepper was reported steady with an average of USD 2,167 per Mt for black pepper and USD 3,616 per Mt for white pepper. Malaysia black and white pepper continued to be traded stable and unchanged. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were also reported stable at an average of USD 2,330 per Mt, USD 2,395 per Mt and USD 3,480 per Mt respectively. In international market China was reported with a higher deficit by 3% as opposed to the previous week with an average of USD 4,450 per Mt.

Wednesday, December 18, 2019

IPC MARKET REVIEW - November 2019

During the course of 11 years, spot price on New York markets fluctuated and was reported to firstly spike up in November 2011 with USD 8,556 per Mt for black pepper and USD 12,922 per Mt for white pepper which then followed with decreasing trend which lasted for 3 year. The spot price on New York market then started to gradually increase in the middle of 2013 until it peaked in July 2015 and recorded the highest price in history of the pepper industry with USD 11,333 per Mt for black pepper and USD 16,496 per Mt for white pepper. Following the peaked in July 2015, the spot prices of black and white pepper gradually decreased and lasted longer, compared with the previous trend, until the present time with USD 2,977 per Mt for black pepper and USD 5,072 per Mt for white pepper recorded in July 2019. Furthermore, in the course of 11 years the lowest spot price was reported in March 2009 with USD 2,568 per Mt for black pepper and USD 4,025 per Mt for white pepper (Chart 10).
The shift in the stretching of the decreasing trend of pepper price in the past few years could be contributed to the significant increase of stock in the global market which imbalance with the demand for pepper. By the end of 2019, the global production of pepper is estimated to be 591,946 Mt.

DOWNLOAD THE FULL REPORT

www.mediafire.com/fi…/ydzut32v004vado/pnmrNov2019A4.pdf/file


Tuesday, December 17, 2019

TRYING TO UNDERSTAND BLACK PEPPER MARKET



A Client asked me today:

" Why Brazilian Black Pepper has been cheaper then Vietnam for such long time ?
I´ve been in the market for 6 years now and I never seen such situation !"


Well, neither I know.
I´ve been trying to understand the reasons but cannot find a reasonable answers for 2 questions:
Why brazilian pepper had been cheaper for all year long, and
Why Pepper price in general decreased that much in the last seasons ?

Average prices for B1 550g black pepper in 2002 were U$D 1,500/ton
Than in 2006/2007 it started to rise to U$D1,800 /U$R 2,000 / U$D 2,250... ended the 2007 quoted at U$D 3,700
After a relatively smooth 2008 and 2009 it climbed to U$D 4,200 at the end of 2010.
Beginning 2011 it went from U$D4,200 to U$D 7,000 and from then it was always quoted in the range ofU$  7 - 8,000, with a peak of U$D 9,000 in 2015.
In the middle of2017 it started to fall ending the year at U$D 3,600 and now is averaging U$D 2,000 - back to 12 years ago !
If inflation is considered, the present price is even lower that the one of 2002.

WHY ??? What happened to pull the prices to such behaviour ?  And what´s is to come now ???

Therefore I invite you to write a guess about these 2 questions and further try to make a preview for the next year or even more extended. Please write to manager@peppertrade.com.br

The answers for these questions will be published on our blog and FB page, and if you desire we´ll mention your name and mail adress.

Let´s see if we find a consensus

Thank you all
Michail Wagapoff


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